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Feb. 20 Premarket Briefing: 10 Things You Should Know

Written by: Joseph Woelfel02/20/14 - 7:59 AM EST

Tickers in this article:
FB HPQ PEP SWY TSLA WMT

Here are 10 things you should know for Thursday, Feb. 20:

1.-- U.S. stock futures were pointing lower Thursday ahead of economic data including a read on consumer prices.

Global stocks declined on a contraction in Chinese manufacturing. China's manufacturing tumbled to a seven-month low in February, according to the preliminary results of a HSBC survey of factory purchasing managers.

2.-- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the Consumer Price Index for January at 8:30 a.m., the Philadelphia Fed Index at 10 a.m., and leading indicators for January at 10 a.m.

The purchase price is made up of $4 billion in cash and about $12 billion worth of Facebook shares. The deal also includes an additional $3 billion in restricted stock units to be granted to WhatsApp's founders and employees that will vest over four years following the deal's closing.

WhatsApp will continue to operate independently and retain its brand following the acquisition's closure and the company's co-founder and CEO Jan Koum will join the social network's board.

More than 450 million people use the mobile messaging service each month and WhatsApp adds more than a million registered users each day.